ECC revokes Neelum Jhelum surcharge to electricity consumers

ECC revokes Neelum Jhelum surcharge to electricity consumers.

The Economic Coordination Committee of the Cabinet has approved revocation during its meeting today (Friday).

ECC revokes Neelum Jhelum surcharge

Finance Minister Dr Abdul Hafeez Shaikh presided over the meeting in Islamabad.

The ECC ordered revocation of Neelum Jhelum surcharge to the electricity consumers with immediate effect.

The surcharge was taken at the rate of  ten paisas per kilowatt hour electricity consumers.

Meanwhile, ECC also approved partial rationalisation of subsidies on rates of wheat flour, sugar and ghee in view of continuous fluctuations in international commodity prices.

Furthermore, it directed to provide maximum relief to the consumers despite significant price differential between subsidized price offered by the Utility Stores Corporation and the prevailing prices in the domestic markets.

The Committee also approved a government’s sovereign guarantee for National Electronics Complex of Pakistan.

Besides, the ECC granted approval to technical supplementary grants worth over 859 million rupees for various departments.

GTV